|
TUSCALOOSA, Ala. – A gift by a Mobile organization comprised
of University of Alabama alumni, including former Crimson Tide football
players, has created the first endowed football scholarship at UA.
The Red Elephant Club of Mobile has given $250,000 to establish
the scholarship, said Mal Moore, UA athletic director.
“The Mobile Red Elephant Club was founded by Coach Bryant
in 1961, and it has been steadfast in its support of our athletic
program,” Moore said. “We appreciate this gift and all
the support the club has provided to us throughout the years.”
The athletic department reimburses the University the cost for
each of the athletic scholarships awarded to Crimson Tide athletes.
This endowed scholarship will pay the cost of one football scholarship
each year in perpetuity, enabling the athletic department to invest
an equivalent amount of money each year in other needs, Moore said.
“We wish we would have done this 30 years ago,” said
Dr. Gerry Phillips, 2004-2005 president for the Mobile Red Elephant
Club. The group, comprised of about 220 members, is more than one-third
of the way toward its goal of establishing a second endowed scholarship,
said Phillips, a physician who is president and CEO of Cardiology
Associates of Mobile.
“There are thousands and thousands of fans out there who
love the University as much as we do, and we’re hoping they
will come on board with similar gifts. We’re also hoping this
sends a message to the football coaches, the players, and the school
itself, of the confidence we have in the coaching staff and in the
future of Alabama football,” Phillips said.
Moore said the timing of the gift was particularly advantageous
as the department is in the midst of its Crimson Tradition fundraising
effort, a $100 million fundraising campaign for University of Alabama
athletic facility improvements.
The Crimson Tradition Fund, chaired by Paul Bryant Jr., seeks to
raise $50 million from private gifts and another $50 million from
the issuance of bonds. Naming opportunities are available for gifts
of $100,000 or more.
For more information on the Crimson Tradition Fund Campaign, contact
the Office of Athletic Development at 205/348-9727.
|